We're Sweden's First Authorised AISP Fintech Under PSD2

Sep 25, 2018 / by Simon Edström - CEO

We're proud to announce we’ve been approved to operate as an Account Information Service Provider (AISP) in Sweden, by the Swedish FSA (Finansinspektionen). We’re the first authorised AISP FinTech in the country, allowing us to build and provide better and even more relevant services.

The Swedish FSA's approval means we can continue developing products that support consumers to prove their true financial capacity. We see it as an important step in helping the financing industry to digitise its processes, as well as a significant step for the future of our company.

Image Credit: Hanson Lu

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Topics: Startups, product, Compliance, PSD2, Instantor news, Tech

The Benefits of Democratising Data

Sep 20, 2018 / by Mariana Wille

Just a few years ago, only a few people in the financial industry had access to an individual’s banking data. Data was ‘owned’ by a few major players such as large financial institutions, and all access had to go through these information gatekeepers. Limited sharing of data has resulted in a stagnated offering of banking products to customers that have not significantly changed in decades: people are paying too much for their overdrafts or money sits in current accounts earning little, or sometimes even no interest. To summarise, customers are not happy.

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Topics: Tech, Credit scoring, Banking, Payments, Compliance, PSD2, GDPR

Consumer Finance Today: Latest Ebook Release

Jul 12, 2018 / by Sarah Kok

Few industries are transforming as rapidly as the financial industry, with financial institutions striving to gain a competitive edge on their peers. Traditional analog methods are being left behind as industry leaders implement technology to improve speed, efficiency as well as to meet customer needs in an altogether more comprehensive manner. In this fast-paced and unique environment, how can you navigate the market successfully?

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Topics: ML, AI, Tech, Lending, Finance, Compliance, PSD2, GDPR

The Truth About PSD2's Impact on Banks

Jun 14, 2018 / by Mariana Wille

PSD2 is reshaping the entire financial ecosystem all the way from traditional financial players to third-party providers (TPPs). The regulations will make it easier for technology companies, FinTechs and challenger banks to increase market share in a space that has been long dominated by banks. The resulting improved competition in the financial market, ultimately means more innovative solutions for both B2B and B2C customers. 

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Topics: PSD2, GDPR, Lending, Finance, Compliance, Banking

8 GDPR Tips Every Financial Marketer Should Know

Apr 10, 2018 / by Astor Winston - Marketing

The GDPR is anxiously anticipated in the financial sector as banks and other financial institutions rely heavily on customer data. What can marketers do to ensure the successful transition to achieving GDPR compliance?

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Topics: GDPR, Compliance, Marketing

GDPR; What Marketers in Finance Need to Know

Apr 6, 2018 / by Astor Winston - Marketing

The GDPR is European wide legislation to harmonise data protection guidelines across all 25 member states. The new regulations will significantly shake up some marketing approaches by giving consumers the power to determine which data they will share with companies.

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Topics: Compliance, GDPR, Marketing

The Ultimate Guide to GDPR: A summary of the new EU regulation

Apr 5, 2018 / by Oskar Löthberg

The General Data Protection Regulation (GDPR) is now a fact of life for any company that gathers and processes the personal data of European Union citizens. It is not just EU companies and organisations that must conform; data-collecting entities around the world will have to deal with the new rules.

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Topics: Banking, GDPR, Compliance